Finance Bill

Debate between Bill Esterson and Angela Eagle
Thursday 15th July 2010

(14 years, 10 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Bill Esterson Portrait Bill Esterson (Sefton Central) (Lab)
- Hansard - -

At a time when we need to encourage more people to make pension provision, does my hon. Friend think that these proposals will help? My concern is that having a minimum might reduce the numbers of people providing for their retirement rather than increase them.

Angela Eagle Portrait Ms Eagle
- Hansard - - - Excerpts

My hon. Friend raises a reasonable point. Changes in this area have to be made very carefully to avoid the law of unintended consequences, especially when large amounts of tax-privileged income are at stake. The Minister knows that, which is why she said that there would be no increase in tax-avoidance opportunities.